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Annex 6 GUARANTEE OF SERIOUSNESS OF THE TENDER (BID BOND) The Surety shall fill in this Bid Bond Form in accordance with the instructions indicated. BOND NO. . BY THIS BOND name of Bidder as Tenderer
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How to fill out the surety shall fill

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How to fill out the surety shall fill:

01
Gather all the necessary information and documentation: Before filling out the surety shall, ensure that you have all the required details, such as your personal information, the purpose of the surety, the amount involved, and any other relevant information. Also, make sure to have any supporting documentation ready, such as financial statements or legal agreements.
02
Understand the terms and conditions: Read through the surety shall document carefully and make sure you understand the terms and conditions outlined. If needed, seek legal advice to ensure you fully comprehend your obligations and responsibilities as a surety.
03
Complete the required sections: Fill in the necessary sections of the surety shall form accurately and legibly. Double-check your entries to avoid any mistakes or inaccuracies. If any sections are not applicable, indicate accordingly or seek clarification from the relevant authority.
04
Provide necessary supporting documents: Attach any required supporting documents as specified in the surety shall form. This might include proof of income, financial statements, identification documents, or any other documentation relevant to the surety agreement.
05
Sign and date the surety shall: Once you have completed all the required sections and attached the necessary documents, sign and date the surety shall form. By signing, you acknowledge that you understand the terms and conditions and agree to fulfill your obligations as a surety.

Who needs the surety shall fill:

01
Individuals acting as guarantors: When someone is seeking a loan, renting a property, or entering into any contractual agreement where a surety is required, they may need to fill out the surety shall. This is usually the case when the person's creditworthiness or financial stability is in question, and an additional guarantor is needed for assurance.
02
Business entities: In certain business transactions, such as bidding for contracts or obtaining licenses or permits, the surety shall may be required. This ensures that the business entity has the financial capability to fulfill its obligations and provides a guarantee to the relevant authorities or third parties involved.
03
Organizations or associations: Non-profit organizations, professional associations, or other groups may also be required to fill out the surety shall in certain situations. This can be for purposes like fundraising events, contractual obligations, or any other scenarios where financial assurance is needed.
Please note that the specific requirements for who needs to fill out the surety shall may vary depending on the jurisdiction and the nature of the agreement or transaction. It is advisable to consult with the relevant authorities or seek legal advice to determine if a surety shall is necessary for your particular situation.
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The surety shall fill is a form that guarantees the performance of a certain obligation or promise.
The party who is entering into an agreement that requires a surety bond is usually required to file the surety shall fill.
The surety shall fill can be filled out by providing all the necessary information requested on the form, which typically includes details about the surety company, the principal, the obligee, and the bond amount.
The purpose of the surety shall fill is to provide a guarantee that the obligations outlined in a contract or agreement will be fulfilled.
The surety shall fill must include details about the surety company, the principal (the party purchasing the bond), the obligee (the party requiring the bond), and the bond amount.
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